Summary of Dou Shen Education Conference Call Company Overview - **Company**: Dou Shen Education - **Industry**: AI-driven education technology Key Points and Arguments Product Innovations - **Xueba Robot**: Launched with a 1,300 MP camera and homework radar, focusing on homework guidance and analysis, differentiating from other AI products like AI pets or student phones. The first batch of 500 units sold out during pre-sale, with official sales expected in January 2026 [2][3] - **New Version of Super Link**: Priced at 800 yuan/year, integrates old content, and aims to generate over 40% of total revenue in 2026, targeting platforms like Douyin and Xiaohongshu [2][5] - **Super Plan**: Aimed at cultivating reading skills in children aged 4-8 through literature and mythology, set to launch after the Spring Festival [2][6] Market Strategy - **AI Software Development**: The new Super Link will expand from single-subject to multi-subject learning, with features like anti-piracy and interactive capabilities [5][6] - **Customer Demand Adaptation**: Adjusted product forms based on high customer expectations for AI learning products, leading to a more detailed age-segmented approach [6][7] Competitive Positioning - **Differentiation**: The Xueba Robot focuses on homework assistance, contrasting with other AI devices that primarily serve as toys or for photo recognition [7][9] - **Expansion of Live Classes**: Transitioned from recorded to live classes, achieving a threefold increase in long-term paying users, with plans to grow student numbers through various strategies [9][10] Future Product Plans - **AI Class and New Products**: In 2026, new products will integrate literature and writing, with existing Super Links offered as VIP benefits. Mathematics and English Super Links will also be launched [8][10] - **AI Technology Application**: Plans to expand AI technology from home education to public learning spaces, aiming for a SaaS version to enhance industry services [13][14] Strategic Collaborations - **Partnerships**: Collaborated with ByteDance and other teams to enhance the robot's response speed and memory capabilities, leading to a patented core memory model [14][15] Team and Resource Management - **Team Optimization**: Focused on reducing team size while enhancing efficiency through AI, aiming to generate significant revenue with a lean workforce [17][18] Sales and Market Dynamics - **Sales Strategy for Xueba Robot**: Plans to collaborate with influencers and major IPs to boost market presence and sales, while adjusting inventory based on market demand [18] Additional Important Insights - **Shift in Educational Approach**: Transitioning from resource delivery to understanding student needs for personalized education, marking a significant shift towards a data-driven educational model [18] - **Long-term Vision**: The goal is to minimize reliance on human instructors, utilizing AI to provide comprehensive educational services efficiently [12][13]

格隆汇12月29日｜豆神教育（维权）强力推出学伴机器人，定价1999元，首批500台1小时内全部售罄。 该产品以"陪伴式智能教育新形态"为理念，围绕作业场景，包括作业陪伴、辅导、校正、指导、分析， 旨在完成高效的学习规划、解放家长时间，并实现学生作业全记录。该产品深度融合了火山引擎的实时 音视频技术，内置了豆包大模型与智谱AI GLM-4大模型，支持个性化辅导与多科目拓展学习，致力于 打造孩子的专属"知识图谱"。 ...

Group 1 - The core point of the article is that DouShen Education has launched a companion robot priced at 1999 yuan, and the first batch of 500 units sold out within one hour [1] Group 2 - The companion robot is aimed at enhancing educational support for students [1] - The rapid sell-out of the initial batch indicates strong market demand and consumer interest in educational technology products [1]

12月26日，豆神教育（维权）科技（北京）股份有限公司（以下简称"豆神教育"）以线上电话会形式接 受特定对象调研。富国基金、银华基金、中银基金、工银瑞信、中信证券等24家机构参与本次调研，公 司董事长窦昕、首席技术官阎鹏、董事会秘书兼副总裁崔霄雨出席，就公司自研具身智能产品学伴机器 人的功能特点、销售计划、战略意义及AI超练产品迭代等核心议题展开深入交流。 业务情况介绍 学伴机器人：以"深度陪伴"重构AI教育场景 战略意义：AI教育从"工具辅助"迈向"深度陪伴" 构建"硬件+软件+服务"壁垒 窦昕指出，学伴机器人的发布标志着公司AI教育应用从工具辅助阶段进入深度陪伴阶段，AI硬件布局 具有里程碑意义：一方面，通过硬件产品丰富公司"AI+教育"产品矩阵，创造新的盈利增长点；另一方 面，以机器人为核心构建学情数据闭环，结合公司在教育内容领域的积累，形成技术与内容双重壁垒。 在"硬件+软件+服务"三位一体模式下，公司正逐步构建可持续的AI教育生态体系。 AI超练产品迭代：聚焦核心功能 强化社交传播与防盗版能力 除硬件产品外，公司对AI超练产品矩阵进行迭代调整，新版产品聚焦关键功能打磨，年龄段划分更精 确、功能完整性 ...

每经头条（nbdtoutiao）——对话马斯克脑机接口"一号受试者"：大脑植入芯片23个月，我正重新夺回 人生的独立 （记者 王晓波） 2025年1至6月份，豆神教育的营业收入构成为：信息技术服务行业占比99.21%，其他业务占比0.79%。 截至发稿，豆神教育市值为149亿元。 每经AI快讯，豆神教育（SZ 300010，收盘价：7.2元）发布公告称，2025年12月26日，豆神教育接受富 国基金等投资者调研，公司董事长窦昕等人参与接待，并回答了投资者提出的问题。 ...

股票代码：300010 股票简称：豆神教育 豆神教育科技（北京）股份有限公司 投资者关系活动记录表 编号：2025-003 投资者关系活动类 别 √特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 （请文字说明其他活动内容） 参与单位名称 富国基金、银华基金、中银基金、长安基金、兴银基金、 长安基金、西部利得基金、工银瑞信、创金合信基金、 国富人寿保险、长江养老保险、中国人保资产管理、平 安资产管理、野村东方国际证券资管、上海光大证券资 产管理、广东正圆私募基金管理有限公司、上海名禹资 产管理有限公司、磐厚动量（上海）资本管理有限公司、 上海长见投资管理有限公司、上海兆天投资管理公司、 浙商证券、东吴证券、国信证券、中信证券、天风证券 等。 时间 2025 年 12 月 26 日（星期五）15:00 地点 线上电话会 上市公司接待人员 姓名 董事长：窦昕先生 首席技术官（CTO）：阎鹏先生 董事会秘书兼副总裁：崔霄雨先生 投资者关系活动主要内容介绍 一、公司董事长窦昕先生介绍业务情况 （一）学伴机器人 1 机器人的分体式设计（主机可拆卸为穿戴设备）搭配软件端的 ...

Investment Rating - The report assigns a "Buy" rating for the company, Dou Shen Education, for the first time [1]. Core Insights - Dou Shen Education is positioned as a leader in aesthetic education, focusing on creating an "AI + Education" ecosystem. The company aims to leverage its self-developed AI models to enhance educational services and product offerings [1][10]. - The company has undergone significant restructuring and is now focusing on non-subject quality education and AI education, which has led to a return to profitability and growth in revenue and net profit [20][21]. Summary by Sections 1. Company Overview - Dou Shen Education, formerly known as Li Si Chen, has transformed its business model to focus on K12 non-subject quality education, utilizing AI technology to reconstruct educational services [13]. - The company has a strong management team with extensive experience in the education sector, led by its actual controller, Dou Xin, who holds 18.29% of the shares [18]. 2. Market Dynamics - The education and training sector is experiencing a significant demand, with the number of college entrance exam candidates increasing from 9.4 million in 2017 to 13.42 million in 2024, while the admission rate has decreased from 43.7% to 37.0% during the same period [34]. - The report highlights a supply-demand imbalance in the education sector, with rising prices expected due to increased competition and a recovery in participation rates post-regulatory changes [36]. 3. AI Education Strategy - Dou Shen Education has developed a product matrix that includes AI-driven educational tools such as "AI Dual Teacher" and "AI Super Training Ground," which aim to enhance the learning experience and efficiency [15][19]. - The company has established a dual-driven model combining AI software services and hardware terminals, creating a closed-loop learning ecosystem that covers user needs across various scenarios [10][12]. 4. Financial Projections - The report forecasts total revenue for Dou Shen Education to reach 1,050.6 million yuan in 2025, with a year-on-year growth of 38.82%. Net profit is expected to be 90.62 million yuan, reflecting a decrease of 33.92% compared to the previous year [1]. - The company's earnings per share (EPS) is projected to be 0.04 yuan in 2025, with a price-to-earnings (P/E) ratio of 165.33 at the current market price [1]. 5. Competitive Landscape - The report notes that AI technology is breaking the traditional constraints of education, allowing for high-quality, large-scale, and personalized learning experiences that were previously unattainable [51]. - Dou Shen Education's unique data assets and knowledge graphs create a competitive barrier that is difficult for competitors to replicate in the short term [10][12].

格隆汇12月25日丨豆神教育(300010.SZ)在投资者互动平台表示，第一批预售的学伴机器人已售罄。 ...

Group 1 - The core point of the article is that Dou Shen Education has officially launched its first AI companion robot, priced at 1999 yuan, with the first batch of 500 units selling out within one hour [1] - The product integrates features such as homework assistance and academic challenges, utilizing a split hardware design and gamified software mechanisms to provide comprehensive learning support for children [1] - The robot leverages real-time audio and video technology from Volcano Engine and incorporates Dou Bao's large model and Zhi Pu AI GLM-4 model, enabling personalized tutoring and multi-subject learning expansion [1] Group 2 - The hardware was developed in collaboration with Yingzhi Technology, a team formed by former members of the Xiaomi ecological chain [1]

Core Viewpoint - The education sector experienced a slight increase of 0.15% on December 24, with *ST Guohua leading the gains. The Shanghai Composite Index closed at 3940.95, up 0.53%, while the Shenzhen Component Index closed at 13486.42, up 0.88% [1]. Group 1: Stock Performance - *ST Guohua (600636) closed at 8.79, up 3.90% with a trading volume of 56,900 shares and a transaction value of 49.50 million yuan [1]. - Dou Shen Education (300010) closed at 7.32, up 2.23% with a trading volume of 993,900 shares and a transaction value of 723 million yuan [1]. - Kevin Education (002659) closed at 5.47, up 1.67% with a trading volume of 117,700 shares and a transaction value of 63.89 million yuan [1]. - Other notable stocks include Kede Education (300192) at 20.67, up 1.37%, and Guomai Technology (002093) at 11.47, up 1.33% [1]. Group 2: Capital Flow - The education sector saw a net outflow of 53.16 million yuan from institutional investors, while retail investors had a net inflow of 61.40 million yuan [2]. - The main capital inflow was observed in Dou Shen Education with 79.31 million yuan, while it faced a net outflow of 55.40 million yuan from retail investors [3]. - Other stocks like Kede Education and *ST Guohua also experienced mixed capital flows, with Kede Education seeing a net inflow of 432.84 million yuan from institutional investors [3].